Grand Canyon Education, Inc. $LOPE Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in shares of Grand Canyon Education, Inc. (NASDAQ:LOPE) by 30.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,001 shares of the company’s stock after selling 29,894 shares during the quarter. Thrivent Financial for Lutherans owned 0.25% of Grand Canyon Education worth $13,041,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in Grand Canyon Education by 20.7% during the second quarter. Geneos Wealth Management Inc. now owns 955 shares of the company’s stock worth $180,000 after purchasing an additional 164 shares during the last quarter. Public Sector Pension Investment Board increased its position in shares of Grand Canyon Education by 0.5% in the second quarter. Public Sector Pension Investment Board now owns 53,543 shares of the company’s stock valued at $10,120,000 after buying an additional 275 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Grand Canyon Education by 363.2% during the 2nd quarter. Headlands Technologies LLC now owns 2,302 shares of the company’s stock worth $435,000 after buying an additional 1,805 shares during the last quarter. State of Tennessee Department of Treasury boosted its position in shares of Grand Canyon Education by 6.9% in the 2nd quarter. State of Tennessee Department of Treasury now owns 12,546 shares of the company’s stock worth $2,371,000 after buying an additional 805 shares in the last quarter. Finally, Vident Advisory LLC boosted its position in shares of Grand Canyon Education by 10.3% in the 2nd quarter. Vident Advisory LLC now owns 22,985 shares of the company’s stock worth $4,344,000 after buying an additional 2,139 shares in the last quarter. 94.17% of the stock is owned by hedge funds and other institutional investors.

Grand Canyon Education Stock Performance

Shares of NASDAQ LOPE opened at $165.89 on Thursday. Grand Canyon Education, Inc. has a 1 year low of $149.83 and a 1 year high of $223.04. The firm’s 50 day moving average price is $178.74 and its 200 day moving average price is $187.93. The firm has a market cap of $4.64 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 1.21 and a beta of 0.78.

Grand Canyon Education (NASDAQ:LOPE) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $1.78 earnings per share for the quarter, meeting the consensus estimate of $1.78. Grand Canyon Education had a return on equity of 32.41% and a net margin of 19.38%.The company had revenue of $261.14 million during the quarter, compared to the consensus estimate of $259.97 million. During the same period in the previous year, the firm posted $1.48 EPS. Grand Canyon Education’s revenue was up 9.6% on a year-over-year basis. Grand Canyon Education has set its FY 2025 guidance at 9.020-9.13 EPS and its Q4 2025 guidance at 3.130-3.240 EPS. As a group, equities analysts predict that Grand Canyon Education, Inc. will post 8.81 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on LOPE. Barrington Research restated an “outperform” rating and set a $230.00 target price on shares of Grand Canyon Education in a report on Tuesday, October 21st. Wall Street Zen cut shares of Grand Canyon Education from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Grand Canyon Education in a research note on Monday. Finally, Zacks Research cut Grand Canyon Education from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Grand Canyon Education has an average rating of “Moderate Buy” and an average price target of $220.00.

About Grand Canyon Education

Grand Canyon Education, Inc provides education services to colleges and universities in the United States. It offers technology services, including learning management system, internal administration, infrastructure, and support services; academic services, such as program and curriculum, faculty and related training and development, class scheduling, and skills and simulation lab sites; and counseling services and support services comprising admission, financial aid, and field experience and other counseling services.